Mortgage Brokering Technical Advisory Committee
Meeting Summary

Date: Monday, September 27, 2021
Time: 2:00 p.m. to 5:00 p.m.
Location: Videoconference

This summary sets out the key points discussed at the September 27, 2021 meeting.

FSRAForward Overview and Discussion

The Committee was presented with an overview of FSRA’s initiative to transform to an efficient and effective principles-based and outcomes-focused regulator.  FSRA also discussed potential process improvements that are intended to benefit the mortgage brokering sector.

Innovation Office Update

FSRA shared an update on its innovation framework, discretionary powers work and stakeholder consultations. This initiative is critical to facilitate responsible innovation across FSRA’s regulated sectors. The Committee discussed potential work and support on innovation that FSRA could provide in the mortgage sector.

Market Trends, Emerging Issues and Regulatory Updates

The Committee and FSRA shared observations about recent trends and emerging issues in the mortgage industry.

2021 Mortgage Brokerage and Mortgage Administrator Annual Information Returns - Key Changes

FSRA shared proposed key changes and adjustments to the 2021 Mortgage Brokerage and Mortgage Administrator Annual Information Returns (“AIR”) and sought the committee’s feedback.

Mortgage Brokerages, Lenders and Administrators Act, 2006 (MBLAA) Review Updates

The Committee was updated on the MBLAA Review recommendations relating to establishing new classes of licensing and commercial mortgage transactions exemption. Stakeholder feedback received to date on these recommendations was also shared with the committee.

Mortgage Agent Competencies Survey Results

FSRA shared a summary of the feedback received from the committee on the mortgage agent competencies and learning outcomes identified by the Mortgage Broker Regulators Council of Canada.

Next meeting

The next meeting of the committee will be scheduled for Winter 2021.

Attendance record

Invited/ Attended

Company Name

Attendance Status
(A)ttended; (R)egrets; (S)ubstitute; (VC)Teleconference

Akber Abbas

8Twelve Mortgage Corp.


Sadiq Boodoo

Approved Financial


Ron Butler

Butler Mortgage


Ryan Francis

Parama Credit Union


Carla Gervais

The Mortgage Advisors (Verico)


Elizabeth Gnoinski

Boss Mortgages – The
Mortgage Center


Neil Gross

Component Strategies


Victoria Joly

Distinctive Real Estate
Advisors Inc.


Alex Leduc



Anthony Pistillo

Riverrock MIC


Murray Snedden

MarshallZehr Group Inc.


Marie Taylor



Gina Stephens

Ministry of Finance


FSRA members present:

Allan Amos, Nadiatou Fagbemi, Jennie Hodgson, Wendy Horrobin, Antoinette Leung, Huston Loke and team members from FSRA’s Market Conduct team; Rocca D’Angela, Joel Gorlick, Thera Medcof and Abina Rogers from Policy team, Jessica Rose and Alena Thouin from Legal and Enforcement team were present at the meeting. Marlena Labieniec, James Tennant and Daniel Zhan from Innovation Office; John Slowakiewicz and Allison Wendt from Digital Transformation team, as well as Fern Karsh from Consumer Office were also present.

Available in French upon request